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YPF Sociedad Anónima

DB:YPF
Snowflake Description

Reasonable growth potential and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
YPF
DB
ARS134B
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

YPF Sociedad Anónima, an energy company, operates in the oil and gas upstream and downstream activities in Argentina. The last earnings update was 21 days ago. More info.


Add to Portfolio Compare Print
  • YPF Sociedad Anónima has significant price volatility in the past 3 months.
YPF Share Price and Events
7 Day Returns
10%
DB:YPF
18.1%
DE Oil and Gas
7.3%
DE Market
1 Year Returns
-
DB:YPF
21.9%
DE Oil and Gas
-17.7%
DE Market
YPF Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
YPF Sociedad Anónima (YPF) 10% -52.5% -68.3% - -84.2% -86.7%
DE Oil and Gas 18.1% -15.9% -28.7% 21.9% -25.6% 137.4%
DE Market 7.3% -17.9% -25.8% -17.7% -25.6% -29%
1 Year Return vs Industry and Market
  • No trading data on YPF.
  • No trading data on YPF.
Price Volatility
YPF
Industry
5yr Volatility vs Market

Value

 Is YPF Sociedad Anónima undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of YPF Sociedad Anónima to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for YPF Sociedad Anónima.

DB:YPF Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 11 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 24.4%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:YPF
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 12.4%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.81
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.808 (1 + (1- 30%) (440.14%))
2.539
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (2 * 12.41%)
24.43%

Discounted Cash Flow Calculation for DB:YPF using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for YPF Sociedad Anónima is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:YPF DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (ARS, Millions) Source Present Value
Discounted (@ 24.43%)
2020 81,568.80 Analyst x3 65,553.97
2021 20,476.76 Analyst x3 13,225.47
2022 85,693.00 Analyst x1 44,480.54
2023 114,288.00 Analyst x1 47,676.05
2024 137,707.00 Analyst x1 46,166.88
2025 153,994.10 Est @ 11.83% 41,490.96
2026 166,563.32 Est @ 8.16% 36,066.47
2027 175,885.05 Est @ 5.6% 30,607.52
2028 182,569.65 Est @ 3.8% 25,533.05
2029 187,213.11 Est @ 2.54% 21,041.91
Present value of next 10 years cash flows ARS371,842.00
DB:YPF DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ARS187,213.11 × (1 + -0.39%) ÷ (24.43% – -0.39%)
ARS751,341.56
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ARS751,341.56 ÷ (1 + 24.43%)10
ARS84,447.42
DB:YPF Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ARS371,842.00 + ARS84,447.42
ARS456,289.42
Equity Value per Share
(ARS)
= Total value / Shares Outstanding
= ARS456,289.42 / 392.36
ARS1162.94
DB:YPF Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:YPF represents 0.00968x of BASE:YPFD
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.00968x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (ARS) x Listing Adjustment Factor
= ARS 1,162.94 x 0.00968
€11.25
Value per share (EUR) From above. €11.25
Current discount Discount to share price of €3.30
= -1 x (€3.30 - €11.25) / €11.25
70.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price YPF Sociedad Anónima is available for.
Intrinsic value
>50%
Share price is €3.3 vs Future cash flow value of €11.25
Current Discount Checks
For YPF Sociedad Anónima to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • YPF Sociedad Anónima's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • YPF Sociedad Anónima's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for YPF Sociedad Anónima's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are YPF Sociedad Anónima's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:YPF PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in ARS ARS-86.85
BASE:YPFD Share Price ** BASE (2020-03-30) in ARS ARS341
Europe Oil and Gas Industry PE Ratio Median Figure of 105 Publicly-Listed Oil and Gas Companies 5.67x
Germany Market PE Ratio Median Figure of 400 Publicly-Listed Companies 16.36x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of YPF Sociedad Anónima.

DB:YPF PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BASE:YPFD Share Price ÷ EPS (both in ARS)

= 341 ÷ -86.85

-3.93x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • YPF Sociedad Anónima is loss making, we can't compare its value to the Europe Oil and Gas industry average.
  • YPF Sociedad Anónima is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does YPF Sociedad Anónima's expected growth come at a high price?
Raw Data
DB:YPF PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -3.93x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts
60.3%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 65 Publicly-Listed Oil and Gas Companies 0.17x
Germany Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.2x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for YPF Sociedad Anónima, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on YPF Sociedad Anónima's assets?
Raw Data
DB:YPF PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in ARS ARS1,382.79
BASE:YPFD Share Price * BASE (2020-03-30) in ARS ARS341
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 0.94x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.43x
DB:YPF PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BASE:YPFD Share Price ÷ Book Value per Share (both in ARS)

= 341 ÷ 1,382.79

0.25x

* Primary Listing of YPF Sociedad Anónima.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • YPF Sociedad Anónima is good value based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess YPF Sociedad Anónima's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. YPF Sociedad Anónima has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is YPF Sociedad Anónima expected to perform in the next 1 to 3 years based on estimates from 11 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
60.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is YPF Sociedad Anónima expected to grow at an attractive rate?
  • YPF Sociedad Anónima's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • YPF Sociedad Anónima's earnings growth is expected to exceed the Germany market average.
  • YPF Sociedad Anónima's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:YPF Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:YPF Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts 60.3%
DB:YPF Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 11 Analysts 16.9%
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 2.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.3%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:YPF Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
All numbers in ARS Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:YPF Future Estimates Data
Date (Data in ARS Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 2,185,222 130,320 1
2023-12-31 1,884,378 106,925 1
2022-12-31 986,726 183,619 40,982 4
2021-12-31 1,051,021 197,065 -7,811 11
2020-12-31 840,376 148,836 -36,155 11
2020-03-30
DB:YPF Past Financials Data
Date (Data in ARS Millions) Revenue Cash Flow Net Income *
2019-12-31 678,595 217,137 -34,071
2019-09-30 617,460 187,505 -6,245
2019-06-30 558,199 159,408 19,684
2019-03-31 490,904 146,272 24,361
2018-12-31 435,820 125,058 38,613
2018-09-30 359,659 102,035 33,273
2018-06-30 304,505 83,377 20,163
2018-03-31 271,633 68,750 18,382
2017-12-31 252,813 71,974 12,340
2017-09-30 237,757 66,208 2,051
2017-06-30 227,572 69,377 -28,253
2017-03-31 220,169 63,008 -29,208

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • YPF Sociedad Anónima's earnings are expected to grow significantly at over 20% yearly.
  • YPF Sociedad Anónima's revenue is expected to grow by 16.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:YPF Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below

All data from YPF Sociedad Anónima Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:YPF Future Estimates Data
Date (Data in ARS Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31
2021-12-31 17.06 17.06 17.06 1.00
2020-12-31 -57.18 -57.18 -57.18 1.00
2020-03-30
DB:YPF Past Financials Data
Date (Data in ARS Millions) EPS *
2019-12-31 -86.85
2019-09-30 -15.95
2019-06-30 50.17
2019-03-31 62.09
2018-12-31 98.43
2018-09-30 84.64
2018-06-30 51.41
2018-03-31 46.77
2017-12-31 31.43
2017-09-30 5.23
2017-06-30 -72.07
2017-03-31 -74.68

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • YPF Sociedad Anónima is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess YPF Sociedad Anónima's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
YPF Sociedad Anónima has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has YPF Sociedad Anónima performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare YPF Sociedad Anónima's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • YPF Sociedad Anónima does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare YPF Sociedad Anónima's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare YPF Sociedad Anónima's 1-year growth to the Europe Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
YPF Sociedad Anónima's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from YPF Sociedad Anónima Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:YPF Past Revenue, Cash Flow and Net Income Data
Date (Data in ARS Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 678,595.00 -34,071.00 74,767.00
2019-09-30 617,460.00 -6,245.00 66,020.00
2019-06-30 558,199.00 19,684.00 58,484.00
2019-03-31 490,904.00 24,361.00 50,181.00
2018-12-31 435,820.00 38,613.00 42,129.00
2018-09-30 359,659.00 33,273.00 33,242.00
2018-06-30 304,505.00 20,163.00 28,882.00
2018-03-31 271,633.00 18,382.00 26,852.00
2017-12-31 252,813.00 12,340.00 25,409.00
2017-09-30 237,757.00 2,051.00 26,035.00
2017-06-30 227,572.00 -28,253.00 22,979.00
2017-03-31 220,169.00 -29,208.00 22,842.00
2016-12-31 210,100.00 -28,237.00 22,316.00
2016-09-30 196,488.00 -31,653.00 18,958.00
2016-06-30 180,695.00 408.00 20,892.00
2016-03-31 167,939.00 3,448.00 19,417.00
2015-12-31 156,136.00 4,579.00 16,640.00
2015-09-30 152,929.00 7,657.00 18,727.00
2015-06-30 151,082.00 9,019.00 17,848.00
2015-03-31 146,409.00 8,248.00 17,441.00
2014-12-31 141,942.00 9,002.00 16,188.00
2014-09-30 129,497.00 9,537.00 14,750.00
2014-06-30 115,532.00 7,739.00 13,478.00
2014-03-31 102,143.00 6,748.00 12,198.00
2013-12-31 90,113.00 5,125.00 11,086.00
2013-09-30 83,681.00 4,226.00 10,429.00
2013-06-30 76,815.00 3,568.00 9,570.00
2013-03-31 70,958.00 3,866.00 8,761.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if YPF Sociedad Anónima has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • YPF Sociedad Anónima used its assets less efficiently than the Europe Oil and Gas industry average last year based on Return on Assets.
  • It is difficult to establish if YPF Sociedad Anónima improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess YPF Sociedad Anónima's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
YPF Sociedad Anónima has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is YPF Sociedad Anónima's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up YPF Sociedad Anónima's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • YPF Sociedad Anónima's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • YPF Sociedad Anónima's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of YPF Sociedad Anónima's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from YPF Sociedad Anónima Company Filings, last reported 2 months ago.

DB:YPF Past Debt and Equity Data
Date (Data in ARS Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 548,099.00 526,760.00 74,470.00
2019-09-30 528,084.00 503,567.00 59,922.00
2019-06-30 400,421.00 396,117.00 67,238.00
2019-03-31 410,643.00 383,282.00 68,163.00
2018-12-31 362,357.00 335,078.00 56,969.00
2018-09-30 362,353.00 374,802.00 72,377.00
2018-06-30 242,539.00 277,257.00 57,597.00
2018-03-31 171,785.00 202,566.00 42,345.00
2017-12-31 152,533.00 191,063.00 41,674.00
2017-09-30 130,908.00 172,662.00 23,372.00
2017-06-30 124,328.00 160,558.00 21,421.00
2017-03-31 115,236.00 146,288.00 18,956.00
2016-12-31 118,661.00 154,345.00 18,305.00
2016-09-30 111,992.00 151,339.00 25,014.00
2016-06-30 139,393.00 139,084.00 16,043.00
2016-03-31 136,763.00 134,998.00 27,297.00
2015-12-31 120,461.00 105,751.00 16,191.00
2015-09-30 86,818.00 75,246.00 10,857.00
2015-06-30 81,766.00 68,941.00 14,238.00
2015-03-31 77,348.00 56,716.00 11,039.00
2014-12-31 72,781.00 49,305.00 9,758.00
2014-09-30 70,342.00 49,118.00 15,873.00
2014-06-30 64,725.00 46,191.00 11,448.00
2014-03-31 62,280.00 38,670.00 3,109.00
2013-12-31 48,240.00 31,890.00 10,713.00
2013-09-30 40,663.00 26,076.00 6,903.00
2013-06-30 36,460.00 24,073.00 5,140.00
2013-03-31 33,903.00 18,538.00 4,315.00
  • YPF Sociedad Anónima's level of debt (96.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (67.8% vs 96.1% today).
  • Debt is well covered by operating cash flow (41.2%, greater than 20% of total debt).
  • YPF Sociedad Anónima is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess YPF Sociedad Anónima's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. YPF Sociedad Anónima has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is YPF Sociedad Anónima's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.71%
Current annual income from YPF Sociedad Anónima dividends. Estimated to be 0.02% next year.
If you bought €2,000 of YPF Sociedad Anónima shares you are expected to receive €34 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • YPF Sociedad Anónima's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.7%).
  • YPF Sociedad Anónima's dividend is below the markets top 25% of dividend payers in Germany (4.97%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:YPF Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 9.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 1%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:YPF Future Dividends Estimate Data
Date (Data in ARS) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31
2021-12-31 0.16 2.00
2020-12-31 0.00 2.00
2020-03-30
DB:YPF Past Annualized Dividends Data
Date (Data in ARS) Dividend per share (annual) Avg. Yield (%)
2019-06-28 5.848 0.888
2018-04-24 3.051 0.564
2018-03-06 3.051 0.688
2018-03-05 3.051 0.669
2017-06-12 1.820 0.463
2016-08-09 2.260 0.741
2016-06-09 2.260 0.800
2015-08-07 1.280 0.491
2015-06-09 1.280 0.385
2014-05-08 1.180 0.333
2014-03-17 1.180 0.400
2013-11-07 0.830 0.309
2013-04-26 0.830 0.580
2013-03-18 0.830 0.693
2012-05-16 7.920 9.180
2012-03-16 7.920 7.911
2012-03-09 7.920 5.923
2011-11-04 14.300 8.893
2011-11-03 14.300 9.380
2011-11-02 14.150 9.296
2011-08-08 14.300 8.446
2011-08-04 14.300 8.906
2011-08-02 14.300 8.295
2011-07-29 14.300 7.935
2011-05-06 12.800 6.832
2011-04-26 12.800 6.989
2010-04-15 11.000 6.435
2009-10-30 12.300 7.824
2009-10-15 12.300 8.319
2009-08-07 12.300 8.427
2009-06-30 12.650 9.459

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of YPF Sociedad Anónima's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • No need to calculate the sustainability of YPF Sociedad Anónima's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess YPF Sociedad Anónima's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can YPF Sociedad Anónima afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. YPF Sociedad Anónima has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of YPF Sociedad Anónima's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Daniel Gonzalez Casartelli
AGE 49
TENURE AS CEO 1.9 years
CEO Bio

Mr. Daniel Cristian Gonzalez Casartelli has been the General Manager (CEO) of YPF Sociedad Anonima since April 5 2018. Mr. Casartelli was the Chief Financial Officer of YPF S.A. since July 27, 2012 until April 5, 2018 and served as its Finance Executive Vice President until April 6, 2018 and also served as its Interim Chief Executive Officer from April 29, 2016 to June 6, 2016. Mr. Gonzalez Casartelli served as Country Head for Argentina, Chile, Peru & Uruguay for BofA Merrill Lynch (formerly Merill Lynch & Co. Inc.,) since September 8, 2008. He served as Head of Investment Banking at BofA Merrill Lynch since September 8, 2008. He served for 14 years in the investment bank Merrill Lynch & Co in Buenos Aires and New York, holding the positions of Head of Mergers and Acquisitions for Latin America and President for the Southern Cone (Argentina, Chile, Peru and Uruguay), among others. While at Merrill Lynch, Mr. Gonzalez Casartelli played a leading role in several of the most important investment banking transactions in the region and was an active member of its global fairness opinion committee. He remained as a Consultant to Bank of America Merrill Lynch. Previously, he served as Head of Financial Planning and Investor Relations in Transportadora de Gas del Sur SA. Mr. Gonzalez Casartelli serves as a Member of the Board of Directors at Hidroneuquén S.A. and Hidroeléctrica Piedra del Aguila S.A. He has been Independent Director of Adecoagro S.A. since April 16, 2014. He served as a Director of YPF S.A. since April, 2014 until April, 2016. Mr. Gonzalez Casartelli holds a degree in Business Administration from the Argentine Catholic University.

CEO Compensation
  • Insufficient data for Daniel to compare compensation growth.
  • Insufficient data for Daniel to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the YPF Sociedad Anónima management team in years:

2.2
Average Tenure
52
Average Age
  • The tenure for the YPF Sociedad Anónima management team is about average.
Management Team

Daniel Gonzalez Casartelli

TITLE
CEO & GM
AGE
49
TENURE
1.9 yrs

Luis Miguel Sas

TITLE
Finance VP & CFO
AGE
56
TENURE
2.2 yrs

Carlos Alberto Alfonsi

TITLE
Executive Vice President of Operations & Transformation
AGE
58
TENURE
2.6 yrs

Sergio Fern Ndez Mena

TITLE
Chief Technology Officer
TENURE
2.8 yrs

Ignacio Rostagno

TITLE
IR Manager & Market Relations Officer

Germán Fernández Lahore

TITLE
Corporate Vice President of Legal Affairs
AGE
40
TENURE
4.3 yrs

María Luján Bianchi

TITLE
Chief Compliance Officer
TENURE
1.5 yrs

Santiago Alvarez

TITLE
Executive VP of Corporate Affairs
TENURE
0.2 yrs

José Manuel Aggio

TITLE
Human Resources Vice President
TENURE
2 yrs

Fernando Pablo Giliberti

TITLE
Vice President of Supply Chain
AGE
52
TENURE
3.3 yrs
Board of Directors Tenure

Average tenure and age of the YPF Sociedad Anónima board of directors in years:

3.4
Average Tenure
49
Average Age
  • The tenure for the YPF Sociedad Anónima board of directors is about average.
Board of Directors

Guillermo Nielsen

TITLE
Independent Chairman of the Board
TENURE
0.3 yrs

Daniel Gonzalez Casartelli

TITLE
CEO & GM
AGE
49
TENURE
3.9 yrs

Carlos Alberto Alfonsi

TITLE
Executive Vice President of Operations & Transformation
AGE
58
TENURE
3.9 yrs

Fernando Pablo Giliberti

TITLE
Vice President of Supply Chain
AGE
52
TENURE
5.9 yrs

Marcos Miguel Browne

TITLE
Executive Vice President of Gas & Energy
AGE
49
TENURE
2.9 yrs

Santiago Martínez Tanoira

TITLE
Executive Vice President of Downstream
AGE
46
TENURE
2.9 yrs

Lorena Sánchez

TITLE
Market Relations Officer & Non Independent Director
AGE
46
TENURE
1.9 yrs

Carlos Alberto Felices

TITLE
Independent Director
AGE
74
TENURE
4.3 yrs

Daniel Montamat

TITLE
Independent Director
AGE
64
TENURE
4.3 yrs

Ignacio Perincioli

TITLE
Independent Director
AGE
42
TENURE
1.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess YPF Sociedad Anónima's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. YPF Sociedad Anónima has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

YPF Sociedad Anónima, an energy company, operates in the oil and gas upstream and downstream activities in Argentina. The company engages in the exploration, development, and production of crude oil, natural gas, and liquefied petroleum gas (LPG). It is also involved in the refining, marketing, transportation, and distribution of oil, petroleum products, petroleum derivatives, petrochemicals, LPG, and bio-fuels, as well as in gas separation and natural gas distribution operations. As of December 31, 2018, it had interests in 132 oil and gas fields; 638 million barrels (mmbbl) of oil; and approximately 2,481 billion cubic feet of gas. It also has a retail distribution network of 1,591 YPF-branded service stations; 24 exploration permits, including 21 onshore and 3 offshore exploration permits, as well as 108 production concessions; and 36 crude oil treatment plants and 10 pumping plants. In addition, the company owns 3 refineries with annual refining capacity of approximately 116 mmbbl; approximately 2,700 kilometers of crude oil pipelines with approximately 640,000 barrels of aggregate daily transportation capacity of refined products; and crude oil tankage of approximately 7 mmbbl, as well as maintains terminal facilities at 5 Argentine ports. Further, it participates in 8 power generation plants with an aggregate installed capacity of 1,819 megawatts; offers diesel, fertilizers, lubricants, phytosanitaries, ensiling bags, and other products; and supplies fuels, lubricants, coal, asphalts, and paraffin and derivatives. The company was founded in 1977 and is based in Buenos Aires, Argentina.

Details
Name: YPF Sociedad Anónima
YPF
Exchange: DB
Founded: 1977
ARS1,872,270,843
392,359,550
Website: http://www.ypf.com
Address: YPF Sociedad Anónima
Macacha Güemes 515,
Buenos Aires,
Capital Federal, C1106BKK,
Argentina
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BASE YPFD Class D Common Stock Buenos Aires Stock Exchange AR ARS 07. Oct 1993
NYSE YPF SPONS ADR-EACH CNV INTO 1 CLASS'D'ARS10 New York Stock Exchange US USD 29. Jun 1993
DB YPF SPONS ADR-EACH CNV INTO 1 CLASS'D'ARS10 Deutsche Boerse AG DE EUR 29. Jun 1993
BASE AYPF SPONS ADR-EACH CNV INTO 1 CLASS'D'ARS10 Buenos Aires Stock Exchange AR ARS 29. Jun 1993
BMV YPF N SPONS ADR-EACH CNV INTO 1 CLASS'D'ARS10 Bolsa Mexicana de Valores MX MXN 29. Jun 1993
Number of employees
Current staff
Staff numbers
0
YPF Sociedad Anónima employees.
Industry
Integrated Oil and Gas
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/30 20:52
End of day share price update: 2020/03/30 00:00
Last estimates confirmation: 2020/03/24
Last earnings filing: 2020/03/09
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.